Theater District Office Space

Theater District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Theater District Rates

Most listings are in the $80's per square foot per year. The Theater District region is seeing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the New York City market, the Theater District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Theater District Listing Supply

In the last 90 days, 80 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the available space in the Theater District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 23 floors. Most buildings in this market were built in 1930 and are Class A.

Theater District Community

Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Theater District work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Theater District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Theater District.